Brokerage offices Study guides, Class notes & Summaries

Nevada law real estate Exam Questions and Answers 100% Pass How many branch offices may a broker have? - Answer- As many as they want A branch manager must be : - Answer- Broker/salesperson with two of the previous four years experience The minimum balance of the ERRF fund is : - Answer- $300,000 The Nevada Real Estate Commission is appointed by : - Answer- The Governor of the state of Nevada Nevada Real Estate license fees are deposited in : - Answer- The Nevada State General Fund If ...

What are the 2 types of offices a brokerage can have? - ANSWER-- Main brokerage office - Branch office Does every branch office require a Broker of Record? - ANSWER-No. Only 1 Broker of Record is required for the main office only. Each branch office is assigned its own Branch Manager to provide supervision, compliance with REBBA & handle all record management. When a brokerage has a property for sale, what is the brokerage identified as? - ANSWER-The listing brokerage When a brokerag...

Real Estate Broker - a person who is licensed as a broker that peforms brokerage activities and collects compensation. Real Estate Salesperson - a person who peforms real estate activities while associated with a licensed real estate broker. licensee - a person holding a valid real estate license appraiser - a person whos certified to estimate the value of a real property according to standardized principles of valuation. home inspector - A person who's affiliated with a n...

Humber Real Estate - Course 1, Module 2 Questions & Answers (rated A+) Humber Real Estate - Course 1, Module 2 Questions & Answers (rated A+) Humber Real Estate - Course 1, Module 2 Questions & Answers (rated A+) What are the 2 types of offices a brokerage can have? - ANSWER-- Main brokerage office - Branch office Does every branch office require a Broker of Record? - ANSWER-No. Only 1 Broker of Record is required for the main office only. Each branch office is assigned its own Branch M...

NH Real Estate Study Guide Test 2024. Purpose of NH Real Estate Commission - correct answer License and regulate real estate agents. Entry Only Listings - correct answer Considered listings and must comply with listing requirements Appointing Agents - correct answer Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - correct answer Requires a contractual brokerage agreement Commission members inc...

NH Real Estate Exam Questions and Answers 100% Correct Score The purpose of the NH Real Estate Commission is to - Correct Answer ️️ -License and regulate real estate agents Entry Only Listings (limited service listings) are - Correct Answer ️️ -Considered listings and must comply with listing requirements Look up entry only listings - Correct Answer ️️ - Appointing Agents - Correct Answer ️️ -Appoint real estate licensees to represent clients in real estate offices that p...

NH Real Estate Exam Questions and Answers 100% Pass Purpose of NH Real Estate Commission - Correct Answer ️️ -License and regulate real estate agents. Entry Only Listings - Correct Answer ️️ -Considered listings and must comply with listing requirements Appointing Agents - Correct Answer ️️ -Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - Correct Answer ️️ -Requires a contractual b...

When a salesperson whose license has not been renewed negotiates a sale of real property, who is the commission payable to? a. the broker only b. no one c. the salesperson only d. the broker and the salesperson according to prior agreement - Answer b. no one If a salesperson license is issued on January 2, 2016, when will it expire? a. January 2, 2016 b. September 2, 2016 c. April 1, 2016 d. March 31, 2016 - Answer a. January 2, 2016 When prospective purchasers first arrive at ...

Maine Real Estate Law TRELG CourseYou are a real estate licensee in Maine. Your friend Andrew, who is not a real estate licensee, asks if you will pay him $250 for every sales lead he sends you. What do you tell him? - correct answer I can't pay referral fees to someone who is not a real estate licensee. Elwood holds a Maine auctioneer license. He wants to call bids at a real estate auction and take custody of the earnest money from the highest bidder. Does Elwood need a real estate license ...

NH Real Estate ExamPurpose of NH Real Estate Commission - correct answer License and regulate real estate agents. Entry Only Listings - correct answer Considered listings and must comply with listing requirements Appointing Agents - correct answer Appoint real estate licensees to represent clients in real estate offices that practice designated agency A fiduciary client relationship - correct answer Requires a contractual brokerage agreement Commission members include: - correct answ...